‘Our MSMEs have great opportunity to be part of global supply chain’, says PM Modi

Madurai (Tamil Nadu), Feb 27 (UNI) Prime Minister Narendra Modi on Tuesday said ‘our Micro, Small and Medium Enterprises (MSMEs) have a great opportunity to become part of the Global supply chain.’

Addressing the MSMEs entrepreneurs working in the automotive sector, after participating in the programme ‘Creating the Future – Digital Mobility for Automotive MSME Entrepreneurs,’ in the TVS Lakshmi School premises here this evening, Modi said ‘MSMEs are key players in propelling the automotive industry forward and are vital to the nation’s economic growth.’

He said in many cars, components manufactured by India’s MSMEs were used. Many global opportunities are knocking at our door today. Hence, our MSMEs have a great opportunity to become part of the global supply chain, the PM said.

Small industries played a big role in India’s victory over Covid. That’s why India is looking at the future of MSMEs as its own future,” Modi added.

He said the government had created a separate ministry for skill development. I believe that skill plays a big role. So, we need skilled universities which keep upgrading themselves regularly. With support for Electric Vehicles, MSME sector is also getting new opportunities.

“We want that all old vehicles should be scrapped and new modern vehicles should enter the market. This is a great opportunity for all industrialists,” the Prime Minister said.

He said our country has been on the top in ship breaking in the World. We have become a market for recycled material from ship breaking. We need to take advantage of these materials,” added Modi.

‘It’s great pleasure to be amongst such minds of technology and innovation. It’s like I am visiting a laboratory which is shaping the future. Tamil Nadu has proved itself globally in the field of automotive industry,’ he added.

Later, the PM launched two major initiatives designed to support and uplift MSMEs in the Indian automotive industry. The initiatives include the TVS Open Mobility Platform and the TVS Mobility-CII Centre of Excellence.

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